DO NOT let the tax tail wag the dog.Tax considerations are an important part of real estate, but the actual investment is way more important.

The following details matter when asking this question and you didn't provide them: Level of participationREPS or notType of property (short-term, long-term)Since you didn't provide them, it look Austin Cheatham answered the question assuming long-term, and didn't take the other factors into consideration.

Thanks for your consideration!

This is more common that you might think.They do not take into consideration the costs borne by the investor associated with the transaction such as: closing costs, carrying costs, finance costs, exit costs, etc.They are trying to hit a homerun on every deal and not leaving enough "meat on the bone" for the next person. 

On the other hand, I could hold on to the property with the thought that I can handle the expenses of keeping it, while continuing to pay off considerable equity and gaining appreciation for each year I hold on to the property.I would love to hear everyone's thoughts on what is the best option, as I have been having trouble making a decision given my limited knowledge and experience. 

However investing in DIRECT real estate investments differs considerably from investing in mutual funds, index funds, bonds, money market and REITs that most investors are familiar with.  

I would suggest anyone considering web developer to build a site to take this crucial factor into consideration.

That isn't always relevant to a deal, but worth consideration.

Part of your consideration is the type of loan you will use.

There are a lot of considerations for both options before you can figure out your expected profit/return.